California AG Rob Bonta suing PSKY's bid to acquire WBD
Paramount Skydance executives suspect Netflix is behind a multi-state lawsuit attempting to block their acquisition of Warner Bros. Discovery. The article explores the political tensions and corporate rivalries driving the legal challenge.
Why it matters
The merger represents a massive consolidation in the media industry, and the legal battle highlights the intersection of corporate competition and political influence.
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Add The New York Post on Google Paramount Skydance may have won the battle to buy Warner Bros. Discovery — but its war against rival Netflix is still raging.
That, at least, is what some executives inside the media giant known as PSKY are privately saying about the plight of their $80 billion deal to buy WBD, which in February edged out an offer from Netflix.
Specifically, they believe a bombshell lawsuit from 12 state attorneys general filed last week to block the mega-merger has Netflix’s fingerprints all over it.
I must admit that this assessment, described to me by multiple people inside PSKY, has a ring of paranoia to it.
The evidence, such as it is, is more surmise than tangible.
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